A Point Where the Budget Line Is Just Touching an Indifference

question 54

Multiple Choice

A point where the budget line is just touching an indifference curve at one point is

• A) the least affordable point.
• B) the best affordable point.
• C) on the lowest attainable indifference curve.
• D) Both answers B and C are correct.
• E) Both answers A and C are correct.

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Definitions:

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